High End Tanning Salon
Location California,United States
Asking Price Range < $250K
Gross Revenues $100000
Net Profit / Cash Flow $41000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2005
Number of Employees 1 - 3
Inventory 202000
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Owner has multiple salons in Palm Springs.
Description This ideal owner / operator opportunity provides a new owner the ability to walk into a newly completed, well-appointed salon in one of the most coveted tanning locations in Orange County. This salon for sale has had a tremendous amount of capital invested in its build-out and equipment offering, but aggressive advertising and marketing only began to take place in 2009. Due to time constraints of their other salons, the owner is selling the salon for less than the original equipment costs, allowing the buyer to forgo the headache of building out their own salon, while walking into a turn-key operation.
Asking Price $75,000.
The salon, which has a very high-end theme incorporated into its unique build-out, offers tanners premium high, medium and low pressure beds, as well as a stand up tanning option, a spray tan booth and a custom spray tan option. The 1,400 square foot facility leases for $3,800/mo. (however, the landlord has recently offered a short-term rent concession to $2,500). A buyer will receive a new lease, together with an option.
Competition in the immediate vicinity for tanning facilities was considered medium to high, however, two much smaller and less formidable operations recently lost their leases or closed altogether. As such, this salon remains the most formidable in the area, and continues to grow via its organic marketing efforts, it word-of-mouth referrals, its aggressive advertising campaign, and its superior equipment and service offering.
As this salon has only recently been marketed, and was in disrepair and not offering any consistency in its service offering prior to 2009, its running rate revenues have yet to be established. Based on the historical financial performance of other area salons - this one should be a sure fire winner. The salon will be ideal for a full-time working owner-operator.
Click Here To Contact Seller
For more opportunities like this go to:
|
|
NEWSLETTER
|
|
Sign up for Free Industry-Related News on Business and Franchise Opportunities
|
|
